Here’s how Bitwise’s XRP ETF is doing so far on launch day.
The third-largest non-stablecoin cryptocurrency has another exchange-traded fund tracking its performance that goes live on Wall Street today.
Following the launch of Canary Capital last week, Bitwise’s XRP ETF appeared on the New York Stock Exchange under the XRP ticker as of this morning. The company behind the asset described it as a “landmark day for the XRP community” and outlined some of the most salient facts about Ripple and its native token.
Milestone Day for the XRP Community!
This morning, the Bitwise XRP ETF began trading on the NYSE (ticker: $XRP). With today’s launch, investors have a new, easy way to gain spot exposure to XRP, the crypto asset that aims to disrupt the $250 trillion global payments market.… pic.twitter.com/DA295tl6tO
— Bitwise (@BitwiseInvest) November 20, 2025
A few hours after the new cryptocurrency-focused financial vehicle hit US markets, Bloomberg’s ETF expert said it had approached $22 million in trading volume on its opening day. He believes it’s “pretty impressive” considering it’s the second such ETF to go live in the US in just a week after Thursday’s launch of Canary Capital’s XRPC.
Recall that XRPC broke records for a 2025 debut with a trading volume of nearly $60 million on its first day. Canary’s CEO was quick to congratulate Bitwise on the release of the XRP ETF, which shows Wall Street that “you don’t have to be BlackRock to launch the top 5 ETFs of 2025.”
Warm congratulations to our friends from @bitwijs today on their XRP ETF!
We show Wall Street that you don’t have to be Blackrock to launch the top 5 ETFs of 2025. We’re keeping our fingers crossed that you get this one in the top 5 too, as long as you don’t take us out first.
Thanks for…— Steven McClurg (@stevenmcclurg) November 20, 2025
In the meantime, the launch of two ETFs in just a week hasn’t caused the underlying asset to fall alongside the rest of the cryptocurrency market. XRP is down another 2% in the past 24 hours, just below $2.00. Additionally, the asset has plunged 15% since last Thursday, when Canary Capital’s ETF hit the market.
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